Paramount Textile rated “The highest credit quality”
Paramount Textile Limited has received an AA credit rating for the long term and ST-1 in the short term.
The ratings, announced by Alpha Credit Rating Limited, signify a company’s strong capacity to repay stockholders and a good position in the stock market.
The ratings indicate a company’s financial excellence, health, franchise sustainability, and a first-class operating environment.
Earlier in 2020, the rating agency rated the company as AA in the long term and ST-1 in the short term.
The textile company was listed on the stock exchange in 2013. It raised Tk84 crore with a Tk18 premium against each share at Tk10 face value from the capital market with an initial public offering (IPO).
From July to March FY22, the company made a net profit of Tk63.82 crore, which was Tk52.78 crore in the same period of 2021.
During the period, its revenue stood at Tk462.14 crore, which was Tk375.25 crore one year ago.
The company had earnings per share of Tk3.92 and its net asset value per share was Tk28.91 as of 31 March 2022.
As of 31 August 2022, sponsors and directors owned 60.95pc, institutions 9.55pc, foreign investors 4.20pc, and general investors held 25.30pc shares of the company.
The last closing share price of the company on the Dhaka stock exchange was Tk77 on Tuesday.
Phoenix Insurance discloses its Dividends
One of the Listed Companies, Phoenix Insurance Company Limited has recommended 15 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.
This source is known from DSE.
The Company has reported EPS of Tk 2.02 paisa, NAV per share of Tk 37.10 for the year ended December 31, 2022, as against EPS of Tk 2.20 paisa.
The Annual General Meeting (AGM) of the company will be held on May 31 through the digital platform. The record date for this has been fixed at April 17.
Central Insurance Declares its Dividends
One of the Listed Companies, Central Insurance Company Limited has recommended 15 percent cash Dividend to its investors for the Financial Year ending December 31, 2022.
This source is known from DSE.
The Company has reported EPS of Tk 2.03 paisa, NAV per share of Tk 49.48 for the year ended December 31, 2022, as against EPS of Tk 2.41 paisa.
The Annual General Meeting (AGM) of the company will be held on May 28 through the digital platform. The record date for this has been fixed at April 16.
Bourse collapse on 2nd workday of the Week
Dhaka Stock Exchange DSE, Bourses on the second working day of the week, March 20, ended with price index & turnover drops.
This information is known from DSE sources.
344 crores 66 lakh shares were traded in DSE on this day. 107 crores 62 lakhs less trading was done in DSE today compared to the previous workday, 19 March, Shares worth Tk 452 crores 29 lakh shares were traded in DSE last time, Sunday.
The benchmark index DSEX dropped 3.15 points or 6,204. The Shariah-based index DSES lost 2.95 points or 1,349, and the blue-chip index DS30 shed 1.96 points or 2,215.
Of the issues traded, 51 advanced, 35 declined, and 234 remained unchanged.
Chartered Life Insurance Company Limited ranked top gainer on DSE, the share price increased by Tk 1.9 paisa or 3.12 percent. On this day, the share was last traded at Tk 62.80 paisa.
On the other hand, AL-Haj Textile Mills Ltd ranked top loser on the DSE, the share price dropped by Tk 19.6 paisa or 10.00 percent. On this day, the share was last traded at Tk 176.40 paisa.
DSE topped on trade Sea Pearl Beach Resort & Spa Limited 14 crores 96 lakh 47 thousand takas of shares of the company have been traded.
A total of 43 companies’ shares were traded in the Block on Dhaka Stock Exchange, 1 crore 8 lakh 2 thousand 642 shares of the companies were traded. The financial value of which is 108 crore 33 lakh taka.
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